Economics

We have a native token for our financial channel. It serves to capture onchain value
for our channel. The main functionalities of our tokens are as follows

  • Services
  • Insurance
  • Buy back & burn
  • ETF Issuance

  • We propose a token-locking reward model, which enables users to reward our protocol contributors by locking tokens, without needing to sacrifice their tokens.

    This process is similar to locking tokens: the principle is locked in a pool by a franchisee based on terms signed. Derivative issuers must negotiate a term, in terms of tokens needed and time length, allowing our financial channel to service as a public record of their agreement. Once terms have been established, the derivative issuer writes a transaction to the blockchain with the terms of their agreement. We refer to this transaction as the agreement transaction. Derivative issuers need to stake a certain amount of platform tokens to get permission for doing an auction.

  • The concept of insurance comes from communities in the past who pooled their resources to protect each other from the risks they all faced. We realised we could build a mutual on a platform where individuals only need to trust the system, not everyone in it.

    The aim is to provide our members with more simple, transparent, accessible and cheaper financial protection against their risks. Our platform token will have a pool of insurance funds which secure the onchain activities. We have staking derivative cover and it provides stakers and bidders against hacks in the value storing.

  • We will generate fee revenues from transactions and services in the operation of financial channels.

    All the revenue will be used to purchase back tokens and we will burn them as the benefit to all token holders.

  • We will allocate a pool of platform tokens to issue staking ETFs.

    Our newly issued token tracks a transparent, algorithmically managed basket of proof of stake assets. Rewards generated by the underlying assets tracked by our newly issued tokens are used to repurchase and burn.